Section 55-9-517 - Effect of indexing errors.

NM Stat § 55-9-517 (2019) (N/A)
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The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.

History: 1978 Comp., § 55-9-517, enacted by Laws 2001, ch. 139, § 88.

OFFICIAL COMMENTS

UCC Official Comments by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.

1. Source. New.

2. Effectiveness of Mis-Indexed Records. This section provides that the filing office's error in mis-indexing a record does not render ineffective an otherwise effective record. As did former section 9-401, this section imposes the risk of filing-office error on those who search the files rather than on those who file.

Effective dates. — Laws 2001, ch. 139, § 155 makes the act effective July 1, 2001.